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Division of Real Estate Contracts and Forms

Real estate brokers are required to use Commission approved contracts and forms as appropriate to a transaction or circumstance.

If a real estate broker is a party to a transaction (e.g., listing contract, or a purchase and sale contract and broker is acting as a principal), such broker may engage counsel to prepare a form for the transaction so long as the form conspicuously states the form is not a Commission-approved form.

If a real estate broker uses an attorney-prepared form as provided in Rule 7.1, such broker shall continue to be responsible to make all required disclosures to all parties under applicable laws, rules and regulations governing real estate brokers.

Other forms used by a broker shall not be prepared by a broker unless otherwise permitted by law.